Aurora 10-Q: $234M Q3 Loss, $1.03B Liquidity, ATM Expanded to $1B
AUR sits 30% above its 52-week low of $3.6.
Summary
Aurora's Q3 10-Q shows a $234 million net loss, $554 million of nine-month operating cash burn and about $1.03 billion of liquidity, alongside an ATM expansion to $1 billion of available stock with three new sales agents added.
Key Events · Earnings and Guidance · AUR
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Q3 Loss Widens to $234M
Third-quarter revenue was $3 million against a $257 million operating loss and $234 million net loss, or $0.12 per share; nine-month net loss reached $727 million versus $610 million a year earlier.
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Liquidity Roughly $1.03B
September 30 balances were $141 million of cash and $893 million of short-term investments, exclusive of $17 million restricted cash, after $554 million of nine-month operating cash burn.
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ATM Expanded to $1B
The sales agreement was amended and restated on October 28, 2026 to add Canaccord Genuity, Oppenheimer and Craig-Hallum as agents and to make $1,000,000,000 available for sale, including $245,835,654 remaining under the prior supplement.
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Q3 ATM Sales: 6M Shares, $41M
Aurora sold about 6 million Class A shares in Q3 at a $6.56 average for $41 million net; nine-month sales totaled about 39 million shares at $7.13 for $270 million net.
Analysis · AUR · Technology
With the quarterly numbers already out via this morning's 8-K, the new information here is the balance sheet and the capital-raising machinery. Aurora burned $554 million of operating cash in nine months and ended September with $141 million of cash plus $893 million of short-term investments — roughly $1.03 billion of liquidity against a business that is still pre-scale. To keep that funded, the company amended its sales agreement to add three more banks and reset the ATM shelf to $1 billion of available stock, of which $245.8 million was left over from the prior supplement. That is permission to sell, not sales: the only shares actually sold were 6 million in Q3 for $41 million net. The dilution math matters because the ATM has already absorbed 39 million shares year-to-date at a $7.13 average, well above today's $4.68, so future issuance at current levels buys less runway per share. Separately, 21 million public and private warrants expire November 3, 2026 and go to zero if unexercised — a small potential cash source that disappears in days.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 31.1% of the 1661 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AUR was trading at $4.68 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.2B. The 52-week trading range was $3.60 to $8.57. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.